Re:Airbnb is squeezing Toronto’s housing market
by hnnh44 on Saturday February 09, 2019 @11:11AM
(#19122989)
Actually, the flat lining investment from the Chinese in Vancouver and Toronto is partially due regulations put in place exactly for that purpose. Additional taxes on non-primary properties and vacant properties were aimed at curbing this.
Do you think it is at all interesting that housing pricing on the west coast of Canada and the US recently flattened out at the exact same time the economy slowed in China?
Every single city in Canada and the US currently has this problem. Including Houston which has very permission zoning.